NRB Bearing Limited has informed the Exchange about General Updates - TDS intimation to the shareholders
NRBBEARING · price
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NRB Bearing Limited has informed shareholders about tax withholding requirements for the 3rd interim dividend of Rs. 2.25 per share (face value Rs. 2) with Record Date May 13, 2026. Since Finance Act 2020 abolished Dividend Distribution Tax, dividends are now taxable in shareholders' hands. The company will deduct TDS at rates ranging from nil to 20% for resident shareholders and up to 30% for non-residents, depending on PAN status, residential category, and applicable tax treaties. Shareholders must submit required documents (Form 121 declarations, PAN copies, tax residency certificates, lower TDS certificates) by May 14, 2026. Physical shareholders must also update KYC details (PAN, contact info, bank account, nomination) to receive dividends electronically per SEBI mandates.
Shareholders should submit valid declarations by the deadline to avoid higher TDS rates. Those with valid PAN will face 10% TDS versus 20% for invalid PAN. This is a routine compliance announcement that may cause minor cash flow impact for investors but does not affect the fundamental investment thesis.